What is William Blair’s Estimate for SKWD FY2024 Earnings?

Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) – Equities researchers at William Blair increased their FY2024 earnings estimates for Skyward Specialty Insurance Group in a research note issued to investors on Friday, February 7th. William Blair analyst A. Klauber now expects that the company will earn $3.07 per share for the year, up from their previous estimate of $3.03. The consensus estimate for Skyward Specialty Insurance Group’s current full-year earnings is $3.07 per share. William Blair also issued estimates for Skyward Specialty Insurance Group’s Q1 2025 earnings at $0.68 EPS, Q2 2025 earnings at $0.82 EPS, Q3 2025 earnings at $0.95 EPS, Q4 2025 earnings at $1.03 EPS and FY2025 earnings at $3.48 EPS.

Several other brokerages have also issued reports on SKWD. JMP Securities reissued a “market outperform” rating and issued a $60.00 target price on shares of Skyward Specialty Insurance Group in a research report on Monday. Raymond James increased their target price on Skyward Specialty Insurance Group from $45.00 to $55.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, November 5th. Keefe, Bruyette & Woods lifted their price target on Skyward Specialty Insurance Group from $59.00 to $60.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. Barclays raised their price objective on shares of Skyward Specialty Insurance Group from $45.00 to $53.00 and gave the company an “equal weight” rating in a research note on Monday, January 6th. Finally, TD Cowen began coverage on Skyward Specialty Insurance Group in a research note on Monday, January 13th. They set a “hold” rating and a $43.00 target price on the stock. Four investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $51.44.

Skyward Specialty Insurance Group Trading Up 0.6 %

NASDAQ SKWD opened at $48.82 on Monday. The stock has a 50-day moving average of $47.97 and a 200-day moving average of $44.90. Skyward Specialty Insurance Group has a 1-year low of $30.73 and a 1-year high of $55.62. The firm has a market cap of $1.96 billion, a PE ratio of 14.88, a price-to-earnings-growth ratio of 0.81 and a beta of 0.83.

Insider Buying and Selling at Skyward Specialty Insurance Group

In other news, EVP Sandip A. Kapadia sold 4,347 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $49.51, for a total value of $215,219.97. Following the sale, the executive vice president now directly owns 12,508 shares of the company’s stock, valued at $619,271.08. This represents a 25.79 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James Charles Hays sold 25,000 shares of the stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $54.00, for a total transaction of $1,350,000.00. Following the completion of the sale, the director now owns 747,261 shares in the company, valued at $40,352,094. The trade was a 3.24 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 40,318 shares of company stock valued at $2,098,866. 8.01% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. WCM Investment Management LLC purchased a new stake in Skyward Specialty Insurance Group in the 4th quarter worth $18,084,000. Swedbank AB purchased a new position in shares of Skyward Specialty Insurance Group in the fourth quarter worth about $15,164,000. Franklin Resources Inc. boosted its position in Skyward Specialty Insurance Group by 16.6% during the third quarter. Franklin Resources Inc. now owns 1,117,257 shares of the company’s stock worth $45,506,000 after acquiring an additional 158,679 shares during the last quarter. Phase 2 Partners LLC purchased a new stake in shares of Skyward Specialty Insurance Group in the third quarter valued at approximately $5,680,000. Finally, Rockefeller Capital Management L.P. increased its stake in shares of Skyward Specialty Insurance Group by 78.4% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 304,500 shares of the company’s stock worth $12,402,000 after acquiring an additional 133,855 shares during the last quarter. Institutional investors and hedge funds own 94.83% of the company’s stock.

Skyward Specialty Insurance Group Company Profile

Skyward Specialty Insurance Group, Inc, an insurance holding company, underwrites commercial property and casualty insurance products in the United States. It offers general liability, excess liability, professional liability, commercial auto, group accident and health, property, surety, and workers' compensation insurance products.